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"Commodities (especially critical minerals) are becoming scarcer and therefore more valuable. The market is well past "peak cheap commodities." We foresee concurrent demand and supply shocks and the emergence of a commodity supercycle."
"Decreasing major discoveries of copper, low inventories, long lead times and declining ore grades combine to make it difficult to ramp up global copper supply."
https://www.kitco.com/commentaries/2023-03-21/Has-the-next-commodities-supercycle-begun.html
Moving up on tsx tonight 28c and rising
So you think most western governments banning electric vehicles, in the future, will slow it down.
It is slowing down currently because of the high electric cost , but with over 1m EV’s and energy prices already falling it will pick up again.
Initially ev’s, are expensive but the running costs( without public charger use) are very low
Banning ICE not EV’s…..
:-)
any government policy to ban ICE in the near future will be pushed waaay back... it will have to be.. its absurd to believe it will come in any time soon.
The technology for batteries etc is only going to improve range and efficiency.
For a company car, over the last 3 years, a £60k EV has been cheaper to run than a £30k ICE by a huge amount.
Not so much now as the grants have been removed and the cost of electric, has been inflated, but electric per kWh is already dropping back and public charters have started dropping their prices albeit slowly a bit like garages when the oil price rises and drops…..
The ban in 2030 is for the sale of NEW ICE cars, existing ones will continue to be used as normal if purchased prior to this date so there will not be a cliff edge fall. With regards to affordability we are already seeing prices drop across Tesla by in some cases up to 8K, this will in turn start a domino effect across other manufacturers I'm sure, and with better value coming from China and neighbouring producers this will continue to grow steadily as we have no option. Copper needed in great volumes without doubt, charging networks still woefully short and substandard and that's not even mentioning the green energy revolution to come which is being exacerbated/accelerated by the current geo political situations we are in. Hold tight in comfort that this will deliver, add if you are able. I cannot see the Ecuadorian Government standing aside and waiting for this cash cow for another year !
ONWARDS & UPWARDS
yes and interestingly the Chinese are building Thorium nuclear reactors which is what we should be building instad of all these bloody wind farms. thorium reactors are a much safer as the dont use high pressure water to keep cool they use molten salt thats not pressurised so no explosions and another benefit is they can use all those spent reactor rods were burying all over the place as fuel.
I live in an area with large turbines all around me. I have no idea what people have against the. A mixture of wind solar and safer nuclear would be ideal.
There's an obvious solution to the energy crisis and that's solar. If Gov went big on solar power via grants for people to stick panels on roof, then most households would cut energy usage (electric mainly) by half if not more. The Sun rays are free.
But as the government has fingers in pies with French energy firms and so on, they really don't want UK homeowners to be self proficient. They don't want you to be able to generate your own electricity. And most of all... they don't want to have to pay you when you add it back to the grid.
The elephant in the room is not EV's or electrification... it's the deals that the UK gov have struck with foreign firms and the fact that most profits coined in from tax payers go into fat Tory pockets along with their pension fund buddies.
Wind power useful but it's still in hands or foreign firms when solar panel generation should and can be in hands of the taxpayer on individual basis or on community led projects that use Greenfield for panels to feed entire villages.
But for solar, you need sunshine, Fort.
UK average sunshine is 4 hours per day. That's mostly during the summer months, of course. So for every warm, sunny summer day with 12 hours ( out of 24 ) , there will be 6 winter days with only 2 hours !
Remember that the long summer days are when we need less electricity, whilst the cold, dark winter day, is when we need it most.
In the UK, solar does not even pay for the initial capital outlay before the panels lose their potency. ( hence poor uptake, even with govt subsidy, and then only when they are plugged into the grid, rather than acting as a stand-alone system ..... the additional cost of buying deep cycle battery bank makes this uneconomic in just about every case )
Where do you find these figures Kat.
kat2008
I have solar panels and can tell you now... you are talking nonsense. You need to do some more research. Solar panels and battery's have moved on a great deal now.
And I didn't say they would handle 'all needs' but certainly half.
The losers would be EoN or EDF et al (pensions funds etc) and the winners would undoubtedly be the consumers/tax payers.
Which is precisely why the Tories want none of it
kat2008,
Did I misread your weekend posts or are you firmly saying you are a supporter of Putin's war on Ukraine??
If you support tyrants like that, then you'll have to go in the bin as no one of sound mind can support Putin or the Russian governments laughable excuses for trying to invade a peaceful country.
It should be a combination of both wind and solar.
Which are both massively cheaper than fossil fuels.
And Kat’s silly suggestion about having to buy deep cycle battery banks is laughable, there are 1m battery banks sitting on drives 75% of the time
Ah, you live oop north. That explains a lot.
Ship, as you asked nicely......
https://www.currentresults.com/Weather/United-Kingdom/annual-sunshine.php
I took an average of north / south and divided it by 365.
You're welcome.
Cheaper my aris.
On current tech, they'd need two entire generation fleets, because you need mostly un-used gas etc generation plants to back up the country every night, and for the days/weeks with the wrong weather. Batteries are currently ludicrously expensive, and pumped hydro etc is ok but small, limited by local topography, and the biggest ones can supply the country for bloody 5 minutes. You would never build and an entire different distribution grid, although I get your point.
Hey Kat
We may have a small army but at least they had a choice ….. the sooner Putin takes a bullet the better
DBW, rise above it. You are way better than that.
Individual should be reported to the police imho. Clearly has lot of hate toward UK. No place for 'hate' on social media.
True Fort
Nick very bullish btw
Not wanting to be drawn Kat as I'm above squabbling with anonymous trolls on the net, but I can categorically correct you on your brainwashed view the UK Army is a 'joke'. Granted, our numbers aren't what they used to be, however I know plenty of ex special forces commandos who are currently out in Ukraine and I'm told it's 'like taking candy from a baby' fighting your poorly equipped conscripted young men. If our forces are such a joke, why did Klitschko turn to our ex-sas commandos to help, and continue to pay them thousands each week to be out there panning your lads asses. Sincerely, I hope your country comes to see your regime for what it is and put a stop to this waste of life and energy.
Back to SOLG.... Bittersweet this rise - I've got 40K on one side to add another chunk to the pf, however waiting till the new tax year. Strong finish bodes well. Have a good week all. C
Highflyingman et al. I hate to disturb you, but I am from good Anglo Saxon and Celtic stock, and am just as British as you.
The Russians are not 'my' people. It's just that you cannot get it through your thick skulls that, despite explaining my position twice, I am on the side of ALL ordinary humans caught up in this horror show. As always, the ordinary man and woman suffer for the delusions of the fools in power ( on BOTH sides here )
I guess if I was still living in the UK, under the most pernicious bubble of propaganda, I might agree with you, but fortunately I live outside it, so I am able to see the situation from a more measured perspective. Also, I am with both Russians and Ukrainians on a professional and personal basis daily, so I get to shut up. leave my prejudice at the door and listen to what the real people have to say.
I think that's the least I owe them, and I have learnt a lot.